The U.S. regulator overseeing major national banks informed its employees on Friday about the termination of 76 probationary staff members, aligning with the Trump administration's initiative to reduce federal employees.

The Office of the Comptroller of the Currency staff were informed that the affected employees would be departing on March 8th, as detailed in an email obtained by Reuters. No comments were provided by an OCC representative. Bloomberg Law was the first to report on these firings.

As of 2024, the OCC website indicated a total of 3,630 full-time employees.

These terminations are part of a larger trend of dismissing probationary employees within the federal government, who typically hold their positions for one to two years and have fewer employment protections compared to long-term staff.

Earlier this month, the Federal Deposit Insurance Corporation announced the layoffs of over 100 probationary employees, while the Consumer Financial Protection Bureau executed similar actions in an expansive effort to significantly downsize its workforce.